Nigeria’s GDP growth masks citizens’ frustrations under Tinubu – Economists

Nigeria’s gross domestic product rose to 4.33 per cent in the second quarter of 2025 from 3.13 per cent in the first quarter, with mixed feelings for Nigerians, investors and financial experts under the President Bola Ahmed Tinubu administration.

Nigeria’s economy grew in the period under review, according to the latest GDP data released by the National Bureau of Statistics on Monday.

The growth was pushed by non-oil sectors, which recorded 95.5 per cent compared to the oil sector, which stood at 4.05 per cent, according to NBS data.

A breakdown of NBS data showed that the service sector posted the highest at 56.53 per cent, followed by the agriculture sector with 26.17 per cent, then industries (17.31 per cent).

The oil sector also recorded remarkable growth at 4.05 per cent, up from 3.97 per cent in Q1 2025.

Despite the gains and excitement among the ruling All Progressives Congress Congress and Tinubu’s men, the data overstated Africa’s most populous nation’s economic woes.

This is because a further analysis of the Q2 2025 GDP growth showed that critical sectors like agriculture, manufacturing, trade, ICT, motor assembling, and others were relatively sluggish.

The impact is because of intensifying following the country’s high inflation and interest rates at 20.12 per cent and 27.50 per cent in August 2025.

The above statistics paint a gory picture for the majority of Nigerians battling the high cost of living.